“If we got into a world where 90% of the spending was done by 10% of people, we have to think about what does it mean for overall GDP (gross domestic product) growth and what is it going to mean for overall employment,” Goolsbee said.
I love how the article felt the need to acknowledge this reality but then completely avoids interogating it, when already the Top 20% are responsible for 60% of spending.
Lie from the jump. The whole article is a lie, unless you’re the upper arm of the k.
Gell-Mann amnesia, indeed.
I love how the article felt the need to acknowledge this reality but then completely avoids interogating it, when already the Top 20% are responsible for 60% of spending.
The current economy is literally propped up by investor money going into datacenters